Stride (LRN) Proxy filing summary

Executive summary

• FY2026 marked a 10th consecutive year of revenue growth; enrollment rose 4.2%, net income increased 17.5%, and Adjusted EBITDA increased 8.2%. About $189 million of shares were repurchased.

• A new CEO, Robert E. Knowling, Jr., took office in July 2026 and initiated a broad review of strategy, operations, technology, and capital allocation aimed at profitable growth.

Voting matters and shareholder proposals

• At the December 10, 2026 annual meeting, stockholders will elect eight directors for one-year terms, ratify KPMG for FY2027, and cast a non-binding say-on-pay vote; the Board recommends FOR each proposal.

• Director elections require a plurality; auditor ratification and say-on-pay require a majority of votes represented. Abstentions count against the latter two proposals.

• The 2025 say-on-pay proposal received approximately 82% support among votes cast, excluding abstentions and broker non-votes; the next advisory vote is expected at the 2027 annual meeting.

Board of directors and corporate governance

• Robert E. Knowling, Jr. became CEO in July 2026; Steven B. Fink became independent Board Chair, separating the Chair and CEO roles and providing independent oversight.

• Following the annual meeting, the Board is expected to expand from eight to 10 members with Steven Guttentag and Allison Lawrence; nine of 10 directors are expected to be independent.

• A Capital Allocation Committee was formed in October 2026; an Academic Committee was established in September 2026 to advise on education offerings and academic performance.

• The Board met eight times in FY2026; every director serving during the year attended at least 75% of applicable Board and committee meetings.